Sr Accounting Specialist

Job title:

Sr Accounting Specialist

Company

International Financial Data Services

Job description

Sr Accounting Specialist
Permanent30 Adelaide Str, East
Toronto, Ontario, M5C 3G9
CanadaJob DescriptionWho We AreWith its global headquarters in Toronto, Canada, International Financial Data Services (IFDS) is a world-leading provider of outsourcing and technology solutions to the financial services industry. IFDS services over 240 financial organizations around the world, providing solutions to a wide range of global asset managers, wealth managers, banks, and insurance companies. With employees and partners located throughout Canada, Europe, and Asia-Pacific, the IFDS enterprise supports more than 17 million accounts with AUA of approximately CAD $4 trillion. IFDS Canada, Ireland, and Luxembourg are 50/50 joint ventures between Boston-based State Street Corporation, one of the world’s leading providers of financial services to institutional investors, and Connecticut-based SS&C Technologies, a global provider of investment and financial software-enabled services and software for the global financial services and healthcare industries.Imagine Yourself at IFDSCome experience a community like no other at International Financial Data Services (IFDS). We offer work opportunities driven by a passion for creating market leading financial solutions, and a culture that nurtures collaboration, accountability, diversity & inclusion, and continuous learning. We’ll provide you with opportunities to develop your career. From ongoing training and development programs to experiences working with our global financial services partners, you’ll be able to realize your full potential.Role OverviewReporting to Director – Corporate Controller, the role will support the finance operations team for IFDS Group entities. The incumbent will be in charge of General Accounting activities for IFDS Canada such as, Journal Entries, Balance Sheet Reconciliations, preparing financial statements along with Cash Flow Statements. This role supports and maintains both Accounting Software (Sage300) and Concur applications for the Finance. The Senior Accountant works as trusted partner to the Corporate Controller and providing assistance and guidance to the finance team members on various systems, projects, analysis and payroll accounting functions.This role is required to observe proper standards of market, business and personal conduct, demonstrating integrity in the execution of accountabilities that will represent the IFDS approach to client care, regard to the interests of our clients and the company.Role ResponsibilitiesJournal Entries

• Execute accurate and timely journal entries, including Bi-Weekly Payroll Entries, Monthly payroll accruals, Employee Benefits & Payroll Taxes accruals, STI & LTI, and Severance Accruals.
• Manage Concur weekly expense batch imports into Sage and handle month-end expense accruals.
• Booking expense entries from Prepaid schedules and update with current month additions.
• Set up, post, and maintain monthly recurring expense entries.
• Perform regular and ad-hoc monthly accruals.
• Run revaluation entries for monthly AP, AR, Bank, and GL Balances.
• Ensure overall control and approval of all Journal Entries in accordance with company policy.

Bank Entries and Reconciliations

• Post Payroll payment entries.
• Manage Bank Entries for weekly Concur Cash Payments.
• Handle entries for Bank interest, charges and Fx exchanges between the currencies.
• Perform monthly Bank Reconciliations.

Concur System Administrator

• Setting up new users and managing their banking information in Concur System.
• Perform ongoing users’ maintenance and system changes.
• Provide support for Concur to business users.

Sage System Maintenance

• Add new and perform ongoing maintenance of GLs, Departments, Client codes, Vendors, and Clients.

WorthIT Fixed Assets management

• Set up new fixed assets, run depreciation in WorthIT, and post it in SAGE.

Balance Sheet Reconciliations

• Conduct reconciliation of major balance sheet GLs on monthly basis and perform quarterly reconciliations of all GLs.
• Prepare financials for review with CFO & Corporate Controller.
• Act on findings and report back in a timely fashion.

Rebill Expense

• Handle Telecom rebill process based on the excel model, ensuring accuracy in generating Telecom Rebill Revenue numbers and preparing other rebillable expenses ready for AR Team.

Audit Support

• Manage general accounting and payroll accounting-related audit requests from statutory and internal auditors.

Internal Controls and Documentation

• Develop and maintain policies and procedures for processes under responsibility

Additional Responsibilities

• Prepare monthly cash flow and variance reporting against the Budget/Forecast.
• Prepare the annual corporate tax provision supporting schedules.
• Compile information for T106 reporting.
• Annual Bank Compliance reporting.
• Consolidate IFDS group entities banks information for annual FinCEN FBAR reporting.
• Self-Assess, remit and file returns for taxes on Insurance premiums.
• Draft responses for annual statutory surveys.
• Handle accounting for the holding entity.
• Support the controller with other ad-hoc requests

Minimum Qualifications

• Bachelor’s Degree or Diploma in Accounting or Finance is desirable
• Accounting designation (CPA)
• Advanced knowledge in Microsoft applications (Excel, Word, etc.)
• 3-5 years related experience in finance
• Technology outsourcing services industry experience.
• Experience of using Sage/Accpac general ledger system.
• Experience of using Office Connect/ Adaptive Reporting Tool or similar reporting tools
• Previous responsibility for monthly financial reporting.
• Experience of using large multi-currency general ledger systems.
• Strong general accounting knowledge Experience of balance sheet account reconciliation, and control.
• Knowledge of sales / purchase ledger and treasury functions.
• General HST, VAT and Income Tax knowledge & understanding
• Good working knowledge of finance and accounting principles/practices.
• Identifies opportunities to improve the effectiveness and efficiency of work processes.
• Contributes to setting work priorities and direction, supporting the team in achieving goals, objectives and business solutions.
• Seeks information and input to fully understand the cause of problems.
• Maintains professionalism in difficult or stressful situations.
• Contributes to team decisions and to the achievement of team goals and objectives.
• Excellent communication (written & verbal) and interpersonal skills.
• Strong organizational skills due to strict timelines.
• Attention to detail paramount.
• Continuous learning mindset proactive in acquiring information to develop new skills to improve job performance. Grasps new material quickly and easily, and applies new information, concepts and procedures in a constructive manner.

AODA StatementIFDS Canada encourages applications from all qualified individuals. Applicants with disabilities may notify us of any accommodation needed to support your participation in the recruitment process. We wish to thank all applicants for their interest and effort in applying. Please be aware that only candidates selected for interviews will be contacted for this position.

Expected salary

Location

Toronto, ON

Job date

Sat, 13 Apr 2024 04:10:34 GMT

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